Sea Foundation CIC
Registered name: SEA FOUNDATION CIC
Sea Foundation CIC made £0 revenue and £0 profit in the year to 31 Mar 2024.
Sea Foundation CIC’s revenue was £0 in the year to 31 Mar 2024, with £0 profit and 0 employees. The company is classified under “other software publishing” and is based in Glasgow; we hold 3 years of its filed accounts.
- Status
- Active - Proposal to Strike off
- Location
- Glasgow, Scotland
- Age
- 5 yrs · since 2021
- Type
- Community Interest Company
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Mar 2022 | 31 Mar 2023 | 31 Mar 2024 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £43k | £0 | £0 |
| Cost of sales | £23.2k | £0 | £0 |
| Gross profit | £19.8k | £0 | £0 |
| Operating profit | −£51.4k | −£1.1k | £0 |
| Profit before tax | −£51.4k | −£1.1k | £0 |
| Profit after tax | −£51.4k | −£1.1k | £0 |
| Profit (best available) | −£51.4k | −£1.1k | £0 |
| Employees (average) | 4 | 0 | 0 |
| Ratios | |||
| Profit margin | −119.5% | — | — |
| Gross margin | 46% | — | — |
| Revenue per employee | £10.7k | — | — |
| Profit per employee | −£12.8k | — | — |
| Growth (year on year) | |||
| Revenue growth | — | ▼100% | — |
| Headcount growth | — | ▼100% | — |
| Balance sheet — indirect signals, not revenue | |||
| Cash at bank | — | £0 | £0 |
| Net assets | −£51.4k | −£52.5k | −£51.4k |
| Fixed assets | — | £0 | £0 |
| Current assets | — | £0 | £0 |
| Debtors | — | £0 | £0 |
| Deferred income | — | £0 | £0 |
| Source | FullAccounts · bulk data Dec 2023 | FullAccounts · bulk data Dec 2023 | FullAccounts · bulk data Jan 2025 |
How the business works
- Profit margin
- —
- Profit ÷ revenue.
- Gross margin
- —
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- —
- Revenue ÷ average employees.
- Profit per employee
- —
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- —
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- —
- Money owed by customers. Low = customers pay quickly.
Balance-sheet signals
Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.
- Net assets
- —
- Now −£51.4k
- Cash at bank
- —
- Now £0
- Headcount
- —
- Now 0
- Deferred income
- —
- Now £0
- Fixed assets
- —
- Now £0
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
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Sources
Latest figures from FullAccounts for the year to 31 Mar 2024 (profit £0), from the Companies House accounts bulk data published Jan 2025. Spotted an error? Request a correction.
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.